Raw sheep and lamb skins market in Dominican Republic

Earlier Report Observations

The market volume for raw sheep and lamb skins in the Dominican Republic grew from 247 tons in 2018 to 272 tons in 2021. This expansion was initially supported by a sharp drop in export prices to 0.19 US$ per kg in 2020, which made imports more affordable and contributed to a significant increase in import volumes. The subsequent price recovery to 0.31 US$ per kg in 2021 reflected improved market conditions, aligning with continued growth in both domestic production and imports.

After reaching its peak in 2021, the market volume contracted to 268 tons in 2022 and further to 261 tons in 2023. This decline coincided with a projected decrease in export prices to 0.17 US$ per kg in 2023, signaling weaker demand that led to a substantial reduction in import activity. Domestic production remained relatively stable during this period, but the overall market shrank as imports dwindled.

In 2024, the supply chain for sheep skins may be influenced by an updated certification requirement for exporting sheep meat to the Dominican Republic, which could affect the availability of related skins. The broader context of the beef market, characterized by trade deficits and import dependence, also indirectly impacts the skin supply chain.

Production raw sheep and lamb skins in Dominican Republic

In kind, 2017-2020, t

Top producers of raw sheep and lamb skins, 2017-2020

World map of production of raw sheep and lamb skins, 2017-2020

After two years of decline, the Dominican Republic's production of raw sheep and lamb skins has rebounded. In 2020, the country produced 251.0 t, marking a 1.7% year-over-year increase. Production had previously hit its lowest point in 2019 at 246.9 t. The most significant drop occurred in 2018, with a 2.1% decrease.

Annual dynamics of production in Dominican Republic in kind, 2017-2020, t

Exports raw sheep and lamb skins from Dominican Republic

Based on market research data, there were no exports of raw sheep and lamb skins from the Dominican Republic between 2017 and 2020.

Imports raw sheep and lamb skins to Dominican Republic

Imports in kind, kg

Imports of raw sheep and lamb skins into the Dominican Republic have grown for the third year in a row. In 2020, imports reached 12 651 kg, surging by 3,354.9% compared to 2019. From 2017 to 2020, imports soared by 40,710.6%, translating to an annualized growth rate of 641.8%.

Annual dynamics of product's imports to Dominican Republic in kind, 2017-2020, kg

From 2017 to 2020, Argentina accounted for 80.5% of the Dominican Republic's total imports of raw sheep and lamb skins by volume, with the remaining share distributed among various smaller suppliers.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Dominican Republic in kind, 2017-2020

Imports in value, K $ US

Imports of raw sheep and lamb skins into the Dominican Republic have continued to rise for the third consecutive year. In 2020, import value stood at 272.6 K $ US, showing a sharp increase of 1,089.2% over 2019. Between 2017 and 2020, import value jumped by 48,432.8%, averaging an annualized rate of 685.9%.

Annual dynamics of product's imports to Dominican Republic in value, 2017-2020, K $ US

During the 2017–2020 period, Argentina and China were the leading sources for imports by value, together capturing 85.8% of total imports, while other markets made up the remainder.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Dominican Republic in value, 2017-2020